Report Scope & Overview:

Air Powered Vehicle Market Size was valued at USD 76.41 million in 2022 and is expected to reach USD 2820.64 million by 2030 and grow at a CAGR of 57% over the forecast period 2023-2030.

An air-powered vehicle utilizes compressed air and non-polluting fuel as its power source. The increase in the price of fossil fuel as a result of its limited supply and availability, as well as the rise in the demand for emission-free vehicles, has led to the creation of air-powered vehicles. In comparison to the other available alternatives to the internal combustion engine vehicle, the air-powered vehicle has a longer lifespan, a higher energy density of the compressed air, and a lower level of toxicity. Air-powered vehicles are one form of vehicle that emits little or no pollution.

Air Powered Vehicle Market Revenue Analysis

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The pressurized atmospheric gas provides the motivation for the air-powered vehicle. Since the vehicle uses compressed air rather than fuel for propulsion, it is regarded as an environmentally beneficial mode of transportation. In addition to this, the vehicle moves forward by the release and expansion of pneumatic pressure with the assistance of a pneumatic motor. An air injector is used to supply the engine of a vehicle that is powered by air with atmospheric pressure. A compact chamber is created by forcing air down into it; this further drives the crankshaft, which in turn powers the vehicle.

In 2021, Groupe PSA is working on a new full hybrid gasoline solution that utilizes compressed air's environmental benefits while also delivering the power of a gasoline engine. In addition to the typical gasoline engine, the vehicle has a hydraulic drive that is powered by nitrogen gas compressed by braking or deceleration energy.



  • The market has grown as a result of a growing awareness of the environmental impact.

  • The air-powered vehicle market is being driven by strict government regulations.

  • Emission standards to minimize carbon footprints around the world.

  • Conventional internal combustion engines are more expensive than air-powered vehicles.

  • The market for air-powered vehicles is expected to grow as fuel prices rise.


  • The absence of refueling facilities may limit market expansion.

  • The slow speed of air-powered cars will slow down the expansion of the market.

  • The market for air-powered vehicles is expected to grow in response to growing gasoline costs.


  • Increasing efforts on the part of governments and other concerned authorities.

  • The air-powered vehicle requires less fuel & is more efficient than the standard fossil-fuel-powered vehicle.


  • Electric vehicles, such as BEVs and HEVs, are seeing a rise in popularity due to environmental concerns.

  • Subsidies and incentives for the purchase of electric vehicles are being granted by the government.

  • The market growth may be stifled by the growing demand for alternate modes of transportation.


The extent of government attempts to stimulate the economy, as well as the efficacy of those activities, will have a significant impact on GDP. The expansion of government spending on the aviation, automotive, construction, and infrastructure industries will have the greatest influence on the rate of GDP growth as well as the demand for oil. In addition, the epidemic has shifted the attention of automobile manufacturers toward the search for alternate fuel. In addition, the market for air-powered vehicles is going to expand as a direct result of this concentration. In addition, the adoption of cleaner technology in response to increased awareness of environmental concerns during the pandemic will result in an increase in the sales of air-powered vehicles.


Tata Motors (India), Magnetic Air Car Inc, Motor Development International SA, Honda Motor Company, Ltd. (Japan), Matrix Comsec, APUQ, Groupe PSA (France), Engineair Pty Ltd (Australia), and Phinergy (Israel) are some of the affluent competitors with significant market share in the Air Powered Vehicle Market.


Market, By Energy Mode:

The global market has been divided into the dual-energy mode, and single-energy mode based on the energy mode segment. In the year 2020, the single energy mode held a significant portion of the market for air-powered vehicles all over the world. In the year 2020, the segment held a proportion of the market that was greater than 58%. The single energy mode of the air-powered vehicle specifies that only compressed air can be used for the vehicle's propulsion.

Market, By Vehicle type:

The global market has been divided into passenger vehicles and commercial vehicles based on the vehicle type segment. The market for air-powered vehicles has been segmented into two categories: passenger vehicles and commercial vehicles, both of which are based on the type of vehicle. In 2020, the passenger vehicle segment of the worldwide market for air-powered vehicles accounted for a significant portion of the total revenue generated by the industry.


By Energy Mode:

  • Dual Energy Mode

  • Single Energy Mode

By Vehicle Type:

  • Passenger vehicles

  • Commercial vehicles

 Air Powered Vehicle Market Segmentation Analysis

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North America, Europe, Asia-Pacific, and the Rest of the World are the four key regions that make up the global air-powered vehicle industry. The Global Air Powered Vehicle Market is expected to be dominated by North America. The United States dominates the market in this region, providing about 75% of the total income. Market growth in this region is fueled by the development of clean energy for automobiles and an increasing focus on environmental sustainability.

Over the next five years, the Asia Pacific area is expected to have the highest CAGR of any market worldwide. Emerging economies like China and India, both of which have large automotive markets, are found in this region. In addition, governments and environmental authorities are increasing their environmental protection efforts, which is fueling the demand for air-powered vehicles in the region. Because of its low production costs and plenty of both experienced and inexpensive labor, as well as its technologically superior infrastructure, this region is well-known as a significant exporter of air-powered vehicles.


  • North America

    • The USA

    • Canada

    • Mexico

  • Europe

    • Germany

    • The UK

    • France

    • Italy

    • Spain

    • The Netherlands

    • Rest of Europe

  • Asia-Pacific

    • Japan

    • south Korea

    • China

    • India

    • Australia

    • Rest of Asia-Pacific

  • The Middle East & Africa

    • Israel

    • UAE

    • South Africa

    • Rest of Middle East & Africa

  • Latin America

    • Brazil

    • Argentina

    • Rest of Latin America

Air Powered Vehicle Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 48.67 Million
Market Size by 2028 US$ 1144.35 Million
CAGR CAGR of 57% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • by Energy Mode (Dual Energy Mode, Single Energy Mode)
• by Vehicle Type (Passenger Vehicles, Commercial vehicles)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles Tata Motors (India), Magnetic Air Car Inc, Motor Development International SA, Honda Motor Company, Ltd. (Japan), Matrix Comsec, APUQ, Groupe PSA (France), Engineair Pty Ltd (Australia), and Phinergy (Israel)
Key Drivers •The market has grown as a result of a growing awareness of the environmental impact.

•The air-powered vehicle market is being driven by strict government regulations.
RESTRAINTS •The absence of refueling facilities may limit market expansion.

The slow speed of air-powered cars will slow down the expansion of the market.

Frequently Asked Questions

Ans:- The market size is expected to reach USD 2820.64 million by 2030.

Ans:- Energy mode, Vehicle Type, and Region are the different segments of the market.

Ans:- Growing awareness of the environmental impact & strict government regulations are the primary market drivers for air powered vehicle market.

Ans:- Yes.

Ans:- North American region is anticipated to be the primary driver of the market.

Table of Contents


1. Introduction

1.1 Market Definition

1.2 Scope

1.3 Research Assumptions


2. Research Methodology


3. Market Dynamics

3.1 Drivers

3.2 Restraints

3.3 Opportunities

3.4 Challenges


4. Impact Analysis

4.1 COVID-19 Impact Analysis

4.2 Impact of the Ukraine-Russia War


5. Value Chain Analysis


6. Porter’s 5 forces model


7.  PEST Analysis


8. Global Air Powered Vehicle Market Segmentation, By Energy Mode

8.1 Dual Energy Mode

8.2 Single Energy Mode


9. Global Air Powered Vehicle Market Segmentation, By Vehicle Type

9.1 Passenger vehicles

9.2 Commercial vehicles


10. Regional Analysis

10.1 Introduction

10.2 North America

10.2.1 the USA

10.2.2  Canada

10.2.3  Mexico

10.3 Europe

10.3.1  Germany

10.3.2  the UK

10.3.3  France

10.3.4  Italy

10.3.5  Spain

10.3.6  The Netherlands

10.3.7  Rest of Europe

10.4 Asia-Pacific

10.4.1  Japan

10.4.2  South Korea

10.4.3  China

10.4.4  India

10.4.5  Australia

10.4.6  Rest of Asia-Pacific

10.5 The Middle East & Africa

10.5.1  Israel

10.5.2  UAE

10.5.3  South Africa

10.5.4  Rest

10.6 Latin America

10.6.1  Brazil

10.6.2  Argentina

10.6.3  Rest of Latin America


11. Company Profiles

11.1 Tata Motors (India),

11.1.1 Financial

11.1.2 Products/ Services Offered

11.1.3 SWOT Analysis

11.1.4 The SNS view

11.2 Magnetic Air Car Inc

11.3 Motor Development International SA

11.4 Honda Motor Company, Ltd. (Japan)

11.5 Matrix Comsec

11.6 APUQ

11.7 Groupe PSA (France)

11.8 Engineair Pty Ltd (Australia)

11.9 Phinergy (Israel)


12. Competitive Landscape

12.1 Competitive Benchmarking

12.2 Market Share analysis

12.3 Recent Developments


13. Conclusion

An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.

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The 5 steps process:

Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data.  This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.

We at SNS Insider have divided Primary Research into 2 parts.

Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.

This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.

Primary Research

Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.

Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.

Step 3: Data Bank Validation

Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.

Data Bank Validation

Step 4: QA/QC Process

After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.

Step 5: Final QC/QA Process:

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